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  3. libscomb technologies' annual sales are $6,438,517

Libscomb Technologies' annual sales are $6,438,517 and all sales are made on credit, it purchases...

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Accounting

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Libscomb Technologies' annual sales are $6,438,517 and all sales are made on credit, it purchases $4,229,148 of materials each year (and this is its cost of goods sold). Libscomb also has $554,724 of inventory, $503,438 of accounts receivable, and $401,166 of accounts payable. Assume a 365 day year. What is Libscomb's Inventory Period (in days)

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